Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., through its subsidiaries, holds concessions to operate, maintain and develop airports in Mexico, which are concentrated in the country’s central and northern regions.
The company operates 13 airports, which serve a major metropolitan area (Monterrey), three tourist destinations (Acapulco, Mazatlán, and Zihuatanejo), seven regional centers (Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas), and two border cities...
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., through its subsidiaries, holds concessions to operate, maintain and develop airports in Mexico, which are concentrated in the country’s central and northern regions.
The company operates 13 airports, which serve a major metropolitan area (Monterrey), three tourist destinations (Acapulco, Mazatlán, and Zihuatanejo), seven regional centers (Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas), and two border cities (Ciudad Juárez and Reynosa). The company’s airports are located in nine of the 32 Mexican states, covering a territory of approximately 926,421 square kilometers (575,667 square miles), with a population of approximately 29.0 million, according to the Mexican National Institute of Statistics and Geography. All of the company’s airports are designated as international airports under Mexican law, meaning that they are all equipped to receive international flights and to maintain customs and immigration services managed by the Mexican government, as well as refueling services.
The company’s airports serve several major international routes, including Monterrey-Houston, Monterrey-Dallas, Monterrey-San Antonio, Monterrey-Chicago, Monterrey-Las Vegas, Monterrey-Atlanta, San Luis Potosí-Dallas, Monterrey-Madrid, San Luis Potosí-Houston, Chihuahua-Dallas, Mazatlán-Phoenix, Mazatlán-Los Angeles, Monterrey-Los Angeles, Zihuatanejo-Los Angeles, and Torreón-Dallas. The company’s airports also serve several other major international destinations, including Miami, Detroit, and Denver in the United States, Panama City, Havana, Bogotá, and Calgary. In addition, the company’s airports serve major resort destinations, such as Mazatlán, Acapulco, and Zihuatanejo, which are popular destinations in Mexico frequented by tourists from Mexico, the United States, and Canada. The company’s airports also serve major domestic routes, including Monterrey-Mexico City, which was the country’s second busiest domestic route in 2024, with approximately 4.0 million total passengers (including passengers flying directly to the nearby airports of Toluca and Santa Lucia (AIFA), which are counted together with those flying to Mexico City), according to the Mexican Federal Civil Aviation Agency. Other major domestic routes served by the company’s airports include Monterrey-Cancún, Monterrey-Guadalajara, and Culiacán-Tijuana and Ciudad Juárez-Mexico City, with approximately 1,535,629, 993,772, 851,061, and 705,019 total passengers, respectively, in 2024, according to the Mexican Federal Civil Aviation Agency.
Three of the company’s airports, Acapulco, Mazatlán, and Zihuatanejo, serve popular Mexican tourist destinations. Acapulco is Mexico’s 29th largest tourist destination, Mazatlán is the 19th, and Zihuatanejo is the 33rd, based on the number of international visitors in 2024, according to the Mexican Federal Civil Aviation Agency. Acapulco is a principal port of call for cruise ships.
Seven of the company’s airports serve small and mid-sized cities that are important regional centers of economic activity, with diverse economic activities, such as mining (the Durango and Zacatecas airports), maquiladora manufacturing (the Chihuahua and Torreón airports), petroleum and chemical production (the Tampico airport), agriculture and livestock (the Culiacán airport), and transportation and logistics (the San Luis Potosí airport).
The remaining two airports in the group, the Ciudad Juárez and Reynosa airports, serve cities situated along the border of Mexico and the United States. Both Ciudad Juárez and Reynosa are popular entry points to the United States.
Additionally, the company operates three bonded warehouses under the OMA Carga brand that provide cargo logistics services, which include storage, handling, custody maneuvers, loading and unloading, and x-ray screening of exports, among other services. Two bonded warehouses operate at the Monterrey airport, and one operates at the Chihuahua airport. The company previously operated a bonded warehouse at the Ciudad Juárez airport; however, it was recently notified by ANAM of the cancellation of the permit to operate this facility due to lack of operations, and, consequently, the extension request filed in November 2024 before ANAM was denied.
The company also has a 90% investment with a Mexican subsidiary of the international hotel operator NH Hoteles SA under Consorcio Grupo Hotelero T2, S.A. de C.V. to develop and operate a 287-room hotel and more than 5,000 square meters (53,820 square feet) of commercial space inside Terminal 2 of Mexico City International Airport under a lease agreement (the ‘Lease’) with Mexico City International Airport that expires in 2029. The Terminal 2 NH Collection Hotel opened in August 2009. Under certain circumstances, the Mexico City International Airport can terminate the Lease at any time with partial or no compensation to the company.
The company also has an investment with Grupo Hotelero Santa Fe, S.A.B. de C.V. (‘Grupo Hotelero Santa Fe’), a Mexican hospitality investment and operating company, to develop and operate a 134-room hotel at the Monterrey airport under the Hilton Garden Inn brand.
The company considers OMA Carga, the company’s hotel operations, and the operation of its industrial park a key part of its diversification strategy to increase its non-aeronautical revenues.
Aeronautical Services
The company’s revenues from aeronautical services are derived principally from passenger charges, landing charges, aircraft parking charges, charges for the use of passenger walkways, and charges for the provision of airport security services.
Complementary Service Providers
At each of the company’s airports, it earns revenues from charging access and other fees from third-party providers, ramp-handling and baggage-handling services, catering services, aircraft security, providers of aircraft maintenance and repair, and fuel. The company currently maintains contracts with 48 companies that provide the majority of these complementary services at its 13 airports.
Under the Mexican Airport Law, the company is required to provide complementary services at each of its airports if there is no third party providing such services.
Leasing of Space to Airlines
The company derives aeronautical revenues from leasing space in its airports to airlines that is necessary for their operations, such as ticket counters and offices. The company’s lease agreements with airline customers for the use of space in its airports are typically for terms of three years, with provisions for periodic inflation adjustments to its rental fees.
Cargo Handling
Cargo-related revenues include revenues from the leasing of space in the airside of its airports to cargo handling agents and shippers, landing fees for each arriving aircraft carrying cargo, and a portion of the revenues derived from other complementary services provided in connection with cargo services.
Permanent Ground Transportation
The company receives revenues from ground transportation vehicles and taxi companies that pay an access fee to operate on its airport premises.
Non-Aeronautical Services
The company’s revenues from non-aeronautical services are principally derived from commercial activities, such as the leasing of space in its airports to retailers, restaurants, and other commercial tenants, maintaining and operating parking facilities, and advertising; diversification activities, such as OMA Carga, hotel services, operation and lease of the industrial park, and real estate services; and complementary activities, which principally include the baggage-screening system and the leasing of space to airlines.
Revenues from Commercial Activities
Commercial activities in each of the company’s airports consist of the following:
Parking facilities: The company’s concessions provide it the right to operate the car parking facilities at all of its airports.
Advertising: On April 1, 2022, the company entered into a new lease and advertising agreement with 5M2 Airports, S.A. de C.V. (‘5M2 Airports’), effective through March 31, 2029. 5M2 Airports is the out-of-home media division of Grupo Expansión and provides services in mass transport stations and other airports in Mexico. Grupo Expansión is a leading printed and digital publishing and out-of-home media company in Mexico. The company had previously signed a lease and advertising services agreement with ISA Corporativo, S.A. de C.V. (‘ISA’) on October 4, 2018, which was terminated by ISA on December 31, 2021.
Retail and duty-free: The company has completed several renovation projects as part of its overall effort to improve the product mix and brand recognition of retail stores in the commercial areas at its airports. The company also has several duty-free retailers that cater to international passengers.
Food and beverage services: Through the years, the company has upgraded its restaurant and bar offerings, which has allowed it to attract world-class operators of food and beverage outlets offering a wide variety of cuisine options and service concepts.
Car rentals: The company has internationally-known name-brand car rental providers at its airports and has encouraged car rental companies to establish on-site automobile pick-up and drop-off facilities at its airports. The company has also encouraged its car rental providers to differentiate their VIP services and modernize their facilities.
Time-share marketing and hotel promotion: The company receives revenues from time-share developers and hotels to whom it rents space in the company’s airports for the purpose of marketing and sales of time-share units, as well as provide hotel transportation services.
Financial services: The company leases space to financial services providers (such as currency exchange bureaus, banks, and ATMs) at the company’s airports, and it charges providers of these financial services fees based partly on a percentage of the revenues recorded by their operations. ATM service is currently available at all of its airport terminals.
Communications: The company offers telephone, mobile phone, and internet services at its airports through contractual agreements with service providers and offers wireless internet access at all of its airports.
VIP Lounges: In December 2021, the company transitioned from leasing space for the OMA Premium Lounge in Terminal A, Terminal B, and Terminal C of the Monterrey airport, as well as in the Mazatlán, Culiacán, Chihuahua, Acapulco, and San Luis Potosí airports, to directly operating all of OMA Premium Lounges. Before 2021, OMA Premium Lounges were operated by a third party through a revenue-sharing lease agreement. From 2022 to 2024, the company opened new OMA Premium Lounges in Ciudad Juárez, Tampico, Reynosa, and Durango, and Zihuatanejo airports. The company also leases space for the American Express Centurion VIP Lounge and CitiBanamex Beyond Lounge in the Monterrey airport.
Revenues from Diversification Activities
To enhance the company’s non-aeronautical revenues, it focuses its business strategy on generating new services and products to diversify its revenue sources, such as its OMA Carga business, hotel services, and real estate services. The company develops land not intended for aeronautical purposes at its airports for industrial, logistical, or commercial uses that are directly or indirectly related to airport activities to strengthen the airports’ role as focal points of economic development in the cities where they are located.
The following are the company’s main diversification initiatives during 2024:
OMA Carga Operations: The company operates three bonded warehouses that provide cargo logistics services, which include storage, handling, custody maneuvers, loading and unloading, and x-ray screening of exports, among other services. Two bonded warehouses operate at the Monterrey airport, and one operates at the Chihuahua airport.
Terminal 2 NH Collection Hotel at Mexico City Airport: In October 2008, the company acquired 90% of the shares of Consorcio Grupo Hotelero Terminal 2, S.A. de C.V., which has the rights to develop and operate a 287-room hotel and approximately 5,000 square meters (53,820 square feet) of commercial space inside the new Terminal 2 of Mexico City International Airport, under a lease agreement with Mexico City International Airport that expires in 2029. A Mexican subsidiary of NH Hoteles SA, a Spanish company, owns the other 10%.
Hilton Garden Inn Hotel at Monterrey airport: In July 2013, the company partnered with Grupo Hotelero Santa Fe, S.A.B. de C.V., a publicly-listed Mexican hospitality investment and operating company, to develop and operate a 134-room hotel at the Monterrey airport under the Hilton Garden Inn brand. The company owns 85% of Consorcio Hotelero Aeropuerto de Monterrey, S.A.P.I. de C.V., and Grupo Hotelero Santa Fe holds the remaining 15%. The Hilton Garden Inn at the Monterrey airport includes a restaurant and bar, business centers, and a fitness center, and is easily accessible from Terminals A and B of the airport.
OMA-VYNMSA Aero Industrial Park: In November 2012, the company, through its subsidiary OMA Logística, entered into a strategic alliance agreement with VYNMSA to build and operate an industrial park at the Monterrey airport through a special purpose vehicle named OMA-VYNMSA Aero Industrial Park, S.A. de C.V., in which OMA Logística has a 51% ownership interest and VYNMSA has a 49% ownership interest. As part of this strategic alliance, 32.4 hectares (80.06 acres) within the Monterrey airport’s perimeter are being developed in phases for use as an industrial park. The industrial park was inaugurated on March 20, 2015, and as of December 2023, the company has built a total of 17 warehouses with a total leasable area of 132,010 square meters (1,420,948 square feet), of which all warehouses have already been leased and are currently in operation with lease terms ranging from 36 to 144 months. In 2024, the company began the construction of one additional warehouse for a total of 5,071 square meters (54,584 square feet), which are expected to be completed in 2025.
Shopping Center and Office Plaza: Located in the outside areas of Terminal A of the Monterrey airport, the shopping center and office plaza consists of a two-story building with commercial space on the lower level and office space for rent on the upper level. The company completed the renovation and expansion of the East Public Area of Terminal A in June 2024.
In December 2012, a gasoline service station within the Monterrey airport began operations. The 2,500 square meters (26,910 square feet) of land on which the service station is located is identified for diversification activities and was leased to Grupo ORSAN, an authorized distributor of Mobil, for a renewable term of 15 years. Grupo ORSAN is responsible for the operation of and all investments in the service station.
Office Center for Cargo Logistics Agents: The company leases 1,045 square meters (11,248 square feet) of space at the Monterrey airport with an occupancy rate of 94.9% as of December 31, 2024.
Revenues from Complementary Activities
The company’s complementary activities include:
Leasing of space: Revenues that the company derives from the leasing of space in the company’s terminals to airlines and complementary service providers for certain activities that are not essential to airport operations, such as first class/VIP lounges, are not subject to price regulation under its maximum tariffs and are classified as non-regulated commercial activities.
Baggage-Screening Services: The ICAO established security guidelines requiring checked baggage on all international commercial flights as of January 2006 and all domestic commercial flights as of July 2006 to undergo a comprehensive screening process for the detection of explosives. The company completed the purchase and installation of screening equipment in all of its airports in 2015 to facilitate its airline customers’ compliance with the baggage-screening guidelines. The company negotiated an increase to maximum tariffs as of 2013 with the Mexican Federal Civil Aviation Agency to take into account the maintenance costs of baggage-screening systems in all of its airports required by mandatory circulars CO SA-17.2/10 R3 and CO SA-17.9/16. The company’s subsidiary Servicios Complementarios del Centro Norte, S.A. de C.V., has operated the checked-baggage screening systems at its airports since March 1, 2012.
Non-Permanent Ground Transportation: The company’s revenues from providers of ground transportation services deemed ‘nonpermanent’ under applicable Mexican law, such as access fees charged to charter buses, are not subject to price regulation under its maximum tariffs and are classified as non-regulated commercial activities.
Access Rights: Revenues that the company derives from granting access rights to transportation providers to terminal buildings at its airports are not subject to price regulation under its maximum tariffs and are classified as non-regulated commercial activities.
Airports
Metropolitan Destination
Monterrey International Airport
A total of 13 commercial airlines operated at this airport during 2024. In 2024, airlines operating at this airport served 64 direct destinations, including 40 domestic destinations and 24 international destinations. In 2024, the principal 10 routes to and from this airport, based on passenger traffic, were Mexico City, Cancún, Guadalajara, Santa Lucía (AIFA), Tijuana, Houston, Querétaro, Dallas, Toluca, and Mérida. In 2024, the principal airlines operating at the airport were VivaAerobus, Aeroméxico, Volaris, American Airlines, United Airlines, Aeroméxico Connect, Magnicharters, Delta Airlines, Copa Airlines, Air Canada, Aerus, TAR, and Mexicana.
Tourist Destinations
Acapulco International Airport
A total of 7 commercial airlines operated at this airport during 2024. In 2024, airlines operating at this airport served eight direct destinations, including five domestic destinations and three international destinations. In 2024, the principal routes to and from this airport, based on passenger traffic, were Mexico City, Tijuana, Guadalajara, Santa Lucía (AIFA), Monterrey, Houston, Dallas, and Montreal. In 2024, the principal airlines operating at the airport were Volaris, Aeroméxico, VivaAerobus, Aeroméxico Connect, TAR, United Airlines, and American Airlines.
Mazatlán International Airport
A total of 15 airlines operate at the airport (13 commercial airlines and two charter airlines). In 2024, airlines operating at this airport served 24 direct destinations, including ten domestic destinations and fourteen international destinations. Of these destinations, Mexico City, Tijuana, Monterrey, Santa Lucía (AIFA), Ciudad Juárez, Chihuahua, San José del Cabo, Bajío, La Paz, and Querétaro were the main domestic routes. The main international destinations served by this airport were Phoenix, Los Angeles, Dallas, Calgary, Vancouver, Edmonton, Minneapolis, Toronto, San Francisco, Saskatoon, Houston, Winnipeg, Montreal, and Kelowna. In 2024, the principal airlines operating at this airport were VivaAerobus, Volaris, Aeroméxico, American Airlines, Alaska Airlines, WestJet, Sunwing, Mexicana, TAR, Sun Country, Aeroméxico Connect, Aero Calafía, United Airlines, and Delta Airlines.
Zihuatanejo International Airport
A total of 11 airlines operate at the airport (10 commercial airlines and one charter airline). In 2024, airlines operating at this airport served 16 direct destinations, including four domestic destinations and 12 international destinations. In 2024, the principal domestic routes to and from this airport were Mexico City, Santa Lucía (AIFA), Tijuana, and Querétaro. The principal international routes to and from this airport were Los Angeles, Calgary, Dallas, Houston, Phoenix, Vancouver, Minneapolis, San Francisco, Montreal, Toronto, Chicago, and San Diego. In 2024, the principal airlines operating at this airport were Volaris, Aeroméxico Connect, VivaAerobus, Alaska Airlines, Aeroméxico, American Airlines, WestJet, United Airlines, Air Canada, Sun Country, and TAR.
Regional Destinations
Chihuahua International Airport
A total of seven commercial airlines operate at the airport. In 2024, airlines operating at this airport served 14 direct destinations, including eleven domestic destinations and two international destinations. In 2024, the principal routes to and from this airport, based on passenger traffic, were Mexico City, Guadalajara, Monterrey, Tijuana, Cancún, Santa Lucía (AIFA), Mazatlán, Hermosillo, Culiacán, Mexicali, Ciudad Juárez, Dallas, and Denver. In 2024, the principal airlines operating at this airport were VivaAerobus, Aeroméxico, Volaris, American Airlines, TAR, Aeroméxico Connect, and Señor Air.
Culiacán International Airport
A total of five commercial airlines operate at the airport. In 2024, airlines operating at this airport served eleven domestic destinations: Tijuana, Mexico City, Guadalajara, San José del Cabo, Monterrey, Santa Lucía (AIFA), La Paz, Cancún, Mexicali, Chihuahua, and Hermosillo, and one international destination to Phoenix. In 2024, the principal airlines operating at this airport were Volaris, VivaAerobus, Aeroméxico, Aeroméxico Connect, and TAR.
Durango International Airport
A total of four commercial airlines operate at the airport. In 2024, airlines operating at this airport served nine direct destinations, including six domestic destinations and two international destinations: Mexico City, Tijuana, Santa Lucía (AIFA), Monterrey, Guadalajara, Ciudad Juárez, Hermosillo, Dallas, and Chicago. In 2024, the airlines operating at this airport were Aeroméxico Connect, Volaris, American Airlines, and TAR.
San Luis Potosí International Airport
A total of seven commercial airlines operate at the airport: Aeroméxico Connect, Volaris, American Airlines, United Airlines, Aeroméxico, TAR, and Aerus. In 2024, airlines operating at this airport served seven destinations, including five domestic destinations and two international destinations. In 2024, the principal routes to and from this airport, based on passenger traffic, were Mexico City, Cancún, Tijuana, Puerto Vallarta, Monterrey, Dallas, and Houston.
Tampico International Airport
A total of three commercial airlines operate at the airport. In 2024, airlines operating at this airport served five direct destinations, including four domestic destinations and one international destination: Mexico City, Monterrey, Santa Lucía (AIFA), Cancún, and Houston. In 2024, the airlines operating at the airport were Aeroméxico Connect, VivaAerobus, and United Airlines.
Torreón International Airport
A total of six commercial airlines operate at the airport. In 2024, airlines operating at this airport served nine direct destinations, including seven domestic destinations and two international destinations. In 2024, the principal routes to and from this airport, based on passenger traffic, were Mexico City, Guadalajara, Tijuana, Cancún, San José del Cabo, Querétaro, Ciudad Juárez, Dallas, and San Antonio. In 2024, the airlines operating at the airport were Aeroméxico, VivaAerobus, Volaris, Aeroméxico Connect, American Airlines, and TAR.
Zacatecas International Airport
A total of four commercial airlines operate at the airport. In 2024, airlines operating at this airport served six direct destinations, including two domestic destinations and four international destinations: Mexico City, Tijuana, Chicago, Los Angeles, Dallas, and San José, California. In 2024, the airlines operating at this airport were Volaris, Aeroméxico Connect, American Airlines, and VivaAerobus.
Border Destinations
Ciudad Juárez International Airport
A total of five commercial airlines operate at the airport. In 2024, airlines operating at this airport served 15 direct destinations, all of which were domestic. In 2024, the principal routes to and from this airport, based on passenger traffic, were Mexico City, Guadalajara, Monterrey, Cancún, Santa Lucía (AIFA), Tijuana, El Bajío, Mazatlán, Puerto Vallarta, Hermosillo, Torreón, Mexicali, Durango, Villahermosa, and Tapachula. In 2024, the airlines operating at the airport were VivaAerobus, Volaris, Aeroméxico, TAR, and Aeroméxico Connect.
Reynosa International Airport
A total of four airlines operate at the airport. In 2024, airlines operating at this airport served seven direct destinations, all of which are domestic destinations: Mexico City, Santa Lucía (AIFA), Cancún, Guadalajara, Veracruz, Tapachula, and Villahermosa. In 2024, the airlines operating at this airport were VivaAerobus, Aeroméxico Connect, Aeroméxico, and Magnicharters.
Principal Aeronautical Services Customers
Airline Customers
As of December 31, 2024, over 13 international commercial airlines and 9 Mexican commercial airlines operated flights at the company’s 13 airports. VivaAerobus, Grupo Aeroméxico, and Volaris operated the most flights at its airports.
Complementary Services Customers
As of December 31, 2024, the company’s principal complementary services clients were three principal providers of ramp-handling and baggage-handling services, Menzies Aviation Mexico, S.A. de C.V., AGN Aviation Services, S.A. de C.V., and Servicios Aeroportuarios Monterrey, S.A. de C.V., and the company’s primary catering client is Aero Cocina, S.A. de C.V.
Principal Non-Aeronautical Services Customers
As of December 31, 2024, the company was party to approximately 1,311 contracts with providers of commercial services in the commercial space in its airports, including retail store operators, duty-free store operators, food and beverage providers, financial services providers, car rental companies, telecommunications providers, VIP lounges, advertising, travel agencies, time-share sales and promotions services, and tourist information and promotion services. As a result, the company’s revenues from non-aeronautical services commercial customers are spread across a large number of customers and are, therefore, not dependent on a limited number of principal customers. In 2024, the company’s largest commercial customers were Alquiladora de Vehículos Automotores (car rental), Grupo Areas (retail, food, and beverage), Priority Pass, Inc. (VIP lounges), 5M2 Airports (advertising), Grupo Alsea (food and beverage), Mera Corporation (food and beverage), CMR (food and beverage), Grupo Dufry (retail), Corporativo Gaviotas (car rental), and Comercial Ariete (car rental).
Seasonality
The company’s business is subject to seasonal fluctuations. In general, demand for air travel is typically higher during the summer months and during the winter holiday season, particularly in international markets, because there is more vacation travel during these periods. The company’s results of operations generally reflect this seasonality but have also been impacted by numerous other factors that are not necessarily seasonal, including economic conditions, war or threat of war, weather, air traffic control delays, and general economic conditions, as well as other factors.
Regulations
The principal laws, regulations, and instruments that govern the company’s business and the operation of its airports include the Mexican General Law of Commercial Corporations (Ley General de Sociedades Mercantiles), enacted August 4, 1934; the Mexican Airport Law, enacted December 22, 1995; the regulations under the Mexican Airport Law (Reglamento de la Ley de Aeropuertos), enacted February 17, 2000; the Mexican Communications Law (Ley de Vías Generales de Comunicación), enacted February 19, 1940; the Mexican Civil Aviation Law (Ley de Aviación Civil), enacted May 12, 1995; the regulations under the Mexican Civil Aviation Law (Reglamento de la Ley de Aviación Civil), enacted December 7, 1998; the Mexican Federal Duties Law (Ley Federal de Derechos), enacted December 31, 1981, which may be revised on an annual basis and stipulates the applicable basis and rate for calculating the concession fee and duties payable under the current budget; the Mexican National Assets Law (Ley General de Bienes Nacionales), enacted May 20, 2004; the concessions that entitle the company’s subsidiaries to operate its 13 airports for a term of 50 years beginning on November 1, 1998; the Mexican Securities Market Law (Ley del Mercado de Valores), enacted December 30, 2005; the General Provisions Applicable to Issuers of Securities and other Participants in the Securities Market (Disposiciones de Carácter General Aplicables a las Emisoras de Valores y a otros Mercados Participantes del Mercado de Valores), enacted March 19, 2003; the Federal Labor Law, enacted April 1, 1970; the Customs Law, enacted December 15, 1995; the Value Added Tax Law, enacted December 29, 1978; the Social Security Law, enacted December 21, 1995; the Income Tax Law, enacted December 11, 2013; the Mexican Federal Antitrust Law (Ley Federal de Competencia Económica), enacted May 23, 2014; and the regulations under the Mexican Federal Antitrust Law (Reglamento de la Ley Federal de Competencia Económica), enacted October 12, 2007.
On May 20, 2004, a Mexican National Assets Law was adopted and published in the Federal Official Gazette that, among other things, established regulations relating to concessions on real property held in the public domain, including the airports that the company operates.
Environmental Matters
The major federal environmental laws applicable to the company’s operations are: (i) the General Law of Ecological Equilibrium and Environmental Protection (Ley General del Equilibrio Ecológico y la Protección al Ambiente) or the ‘General Environmental Law,’ and its regulations, which are administered by the Ministry of the Environment and Natural Resources and enforced by the Ministry’s enforcement branch, the Federal Attorney for Environmental Protection; (ii) the General Law for the Prevention and Integral Management of Waste (Ley General para la Prevención y Gestión Integral de los Residuos), the ‘Law on Waste’; the General Law for Sustainable Forest Development (Ley General de Desarrollo Forestal Sustentable); and the General Law for Wildlife (Ley General de Vida Silvestre), each of which are also administered by the Federal Attorney for Environmental Protection; (iii) the National Waters Law (Ley de Aguas Nacionales) and its regulations, which are administered and enforced by the National Waters Commission, also a branch of the Ministry of the Environment and Natural Resources; (iv) the General Law of Climate Change; and (v) the Federal Law of Environmental Responsibility (Ley Federal de Responsabilidad Ambiental).
In connection with the transfer of the management of the company’s airports from its predecessor, the company entered into environmental compliance agreements with the Federal Office for the Protection of the Environment on January 1, 1999, and July 12, 2000, pursuant to which it agreed to comply with a specific action plan and adopted specific actions within a determined time frame.
History
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. was founded in 1998. The company was incorporated in 1998.
